Stop You See or Actual
You have two choices for how to enter your stop price and/or entry price on four tabs of the Calculator: Stop You See or Actual Price.
For an in-depth article on why understanding BID and ASK is so important, please read our full write-up.
Stop You See
Almost all brokers show you charts based on BID prices. Some let you turn on a marker for where the ASK price is, but otherwise it’s often invisible.
The ASK price is BID + Spread.
The difference between the bid and the ask is the spread.
You always buy on the ASK and you sell on the BID. But when you’re quickly making trade decisions it can become hard to remember which is which and how to factor this in.
NOT factoring in BID and ASK can be a factor in lots of losses too.
If you click STOP YOU SEE then the Calculator will factor in Bid and Ask. It does the work for you.
If you choose Actual Stop then the Calculator no longer factors Bid and Ask in for you. You turn off the Calculators help about this.
Why would you want to use Actual Stop? You might make this choice if you are working with a trade group or mentor who tells you a price to use. Or maybe you are reviewing a trade you already took and want to enter your actual exit price.
Another time using Actual makes sense is it you are in a trade and have moved your stop or take profit and want to calculate what the result of that might mean to your trade. You could then come back into the Calculator and plug in those new values as Actual prices.
Which Tabs Offer This
There are four places in the Advanced Calculator that offer you this choice:
1. The Trade Plan Tab
If you always use the ‘You See’ or always use the ‘Actual’ setting, you can make this the default for this tab. Go to Settings > Trade Input
2. The Quick Tab
3. The Scale In Tab > Configure dialog
4. The Open CA > Configure dialog